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INDYCAR NEWS 

IndyCar and Indianapolis restructure nears completion - Mark Miles

IndyCar 2013Mark Miles, CEO of IndyCar and Indianapolis Motor Speedway parent company Hulman & Co, has announced the near-completion of the series and speedway's managerial restructure.

As expected, the IndyCar CEO role left vacant by Randy Bernard will not be filled, with Miles instead delivering on his plans to implement a more function-oriented structure across Hulman & Company's various interests.

Derrick Walker's installation as president of operations and competition for IndyCar was confirmed in May, but other changes relevant to IndyCar and IMS include former IndyCar interim CEO Jeff Belskus being named chief financial officer of Hulman & Co, in addition to his current role of president.

Belskus has also been charged with developing the $100 million improvement plan for the Speedway.

The day-to-day operations and maintenance of IMS have been placed in the hands of former IMS COO Doug Boles in his new capacity as IMS president, while former interim IndyCar COO Robby Greene has been named president of IMS Productions.

The only position that remains to be filled is that of president of Hulman Motorsport Properties; a role that will cover all commercial responsibilities for IndyCar and IMS including sales, marketing, PR, TV and broadcast licensing, and licensing of intellectual properties.

These responsibilities will be temporarily overseen by Miles until a full-time candidate is selected.

"After nearly six months of observing how operations can be improved...we've designed a structure and nearly completed filling out a team that is focused on the future," said Miles in an open letter to IndyCar and IMS employees.

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